Four-Unit Multifamily with
For Sale
$899,000
3 5TH Street, Corinth, NY 12822
All apartments are leased, and each includes laundry hookups and a covered front deck.
Property Size4,684 SF
Price / SF$191.93
Days on Market17
Property Features for 3 5TH Street
General Information
Standard status
Active
Size
4,684 SF
Total Parking Spaces
20
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
washer and dryer hookup
covered front deck
Building Details
Year Built
1860
Year Renovated
2022
Listing Agency:
Brokers Network
Listed By:
Dun Zhuo Zheng · License #10401235201
(518) 952-0665
Source:
Signatureonerealtygroup
Added: Sep 27
Changed: Oct 13
Last Checked: Oct 12 at 8:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brokers Network
Investment Insights
Based on property information with market context.
The offering combines a four-unit residential building with a second parcel containing 20 garage bays. The 4,684-square-foot building was remodeled in 2022 and dates to 1860. Each apartment has two bedrooms, one full bathroom, washer and dryer hookups, and a covered front deck. All four units are rented.
Key Highlights
- Four residential units, each with two bedrooms and one full bathroom
- Second parcel includes 20 garage bays
- All four apartments are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,514
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,280
$1.4M
Cap Rate 7%
$993,057
$993.1K
Cap Rate 9%
$772,378
$772.4K
Market Conditions
NOI Build-Up for 4,684 SF
Gross rent
$104.0K $22.20/SF
− Vacancy
−$4.7K −$1.00/SF
EGI
$99.3K $21.20/SF
− OpEx
−$29.8K −$6.36/SF
NOI
$69.5K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,280
Cap Rate 7%
$993,057
Cap Rate 9%
$772,378
Alternative Uses
Best Use
Multifamily LT 5
$993.1K
$868.9K – $1.16M
NOI $69,514 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$888.5K
$777.4K – $1.04M
NOI $62,194 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,139 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 12822, NY
6,282
Population
3,246
Households
1.9
Avg Household Size
42
Median Age
15%
College-Educated
91%
High-School Grad
67.8 sq mi
ZIP Area
93
Density / Sq Mi
$80,000
Median Household Income
$44,704
Median Earnings
$971
Median Rent
$187,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - All apartments are leased, and each includes laundry hookups and a covered front deck.
Where is this quadplex located?
The property is located at 3 5TH Street Corinth, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four residential units, each with two bedrooms and one full bathroom; Second parcel includes 20 garage bays; All four apartments are rented
